Trading news

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently flat to slightly higher near 104.50 at the time of writing on Friday.

The postponement of US import tariffs on certain goods from Canada and Mexico granted by US President Trump at the beginning of March will end next Wednesday, Commerzbank's commodity analyst Carsten Fritsch notes.

EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.

US natural gas prices traded under pressure as the US witnessed its second straight week of inventory injection while weather forecasts remained mixed, ING's commodity experts Ewa Manthey and Warren Patterson note.

US Dollar (USD) is likely to trade sideways vs Chinese Yuan (CNH) between 7.2570 and 7.2820.

The US has limited room to further hike tariffs on China under the Reciprocal Tariff Act.

India FX Reserves, USD: $658.8B (March 17) vs $654.27B

Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months, ING's commodity experts Ewa Manthey and Warren Patterson note.

US Dollar (USD) could test 151.30 vs Japanese Yen (JPY); it is uncertain if it can break clearly above this level.

The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday’s trading range in Friday’s North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.

Italy Producer Price Index (MoM): 0.7% (February) vs previous 1.6%

Italy Producer Price Index (YoY) up to 6.2% in February from previous 4.4%

Gold surged to a fresh record high this morning, surpassing the previous record hit just yesterday, after US President Donald Trump announced 'permanent' 25% tariffs on auto imports, intensifying trade tensions, ING's commodity experts Ewa Manthey and Warren Patterson note.

Ireland Retail Sales (YoY) climbed from previous -0.3% to 1.8% in February

Ireland Retail Sales (MoM): 0.7% (February) vs -0.5%

This morning saw the release of March inflation figures for the Tokyo area, which are traditionally a good leading indicator for inflation in Japan as a whole.

Despite some ongoing reassessment of the dollar, AUD/USD has lagged, ING's FX analyst Chris Turner notes.

New Zealand Dollar (NZD) is expected to continue to trade in a range, likely between 0.5710 and 0.5755.

UK retail sales surprise on the upside, ING's FX analyst Chris Turner notes.

Italy 5-y Bond Auction climbed from previous 2.93% to 3.05%